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Friday preview: G-20 set to dominate

updated: 29 November 2018 at 3:20pm Author: Alexander Bueso

(Sharecast News) - The flow of economic data is set to taper off at the end of the week, with investors expected to switch into 'geopolitical mode' and spend the session (and the weekend) scanning the headlines coming out of G-20 summit in Buenos Aires, Argentina.Barring surprises, the spotlight will be on Saturday's meeting between Chinese and US leaders Xi Jinping and Donald Trump.

But already on Friday, the Russian President, Vladimir Putin, is set to meet his French counterpart, Emmanuel Macron, with a subsequent meeting with German Chancellor scheduled for the following day.

Market participants will also be keeping an eye out for anything that Putin or Saudi Crown Prince, Mohammed bin Salman, might have to say regarding the outlook for OPEC+ production levels.

On the data front, the most important report will likely be the Chicago NAPM's regional manufacturing sector PMI for November, at 1445 GMT.

To take note of, European Central Bank governing council member, Benoit Coeure is due to speak at the Global Research Forum, which was organised by the ECB, the US Federal Reserve board and the New York Fed.

Earlier in the session, Eurostat will publish a reading on Eurozone CPI covering the month of November.

No major economic releases are scheduled in the UK and no corporates are due to publish results or provide trading updates.

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